It was a tough day in the markets for investors in Live Current Media Inc (OTCMKTS:LIVC) as the company’s stock suffered from a steady selloff and ended up with a decline of as much as 7%. That being said, it ought to be noted that despite the fall in the stock price, the company actually made a significant announcement yesterday with regards to a new deal.
On Monday, LIVC stock slid 7.14% to $0.2600 with more than 17.20K shares, compared to its average volume of 37.61K shares. The stock moved within a range of $0.2301 – 0.2600 after opening trade at $0.2679.
Live Current Media to Collaborate with Legendary Film Maker
Live Current Media announced yesterday that it had gone into a licensing deal with Bruce Brown Films LLC, which belongs to the celebrated film maker of the same name. As per the terms of the above mentioned agreement, the company is going to be involved in leveraging Bruce Brown Films’ intellectual property.
As per the provisions of the agreement signed between the two parties, Live Current Media is going to start off with a series that is going to comprise of online Kast streaming on a weekly basis. In addition to that, there are going to be watch parties in place that are going to start towards the end of this month and continue up until the end of December. It may be a good time to keep an eye on the Live Current Media stock and watch for signs of recovery.
“Coming off the heels of the recent 50th Anniversary celebrations of this blockbuster, we are excited about the opportunity of catapulting On Any Sunday along with the other fabulous properties into the era of web 3.0 and the metaverse,” said Mark Ollila, CEO of Live Current Media.
LIVC stock is trading below the 20-Day and 50-Day Moving averages of $0.27 and $0.28 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.28.